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2022-04-14 11:21:59 Open / Comment

2022-04-14 11:21:59 #Communitymetre — Bitcoin (BTC) — Asset of the Day.

After the price drop below the 20-day EMA, bearish sentiment intensified in the market, causing the price to move below the psychological level at $40,000.

However, the bears could not build upon this momentum, indicating that the bulls are keeping demand at lower levels.

The asset is experiencing a slight recovery, but the price growth is accompanied by reduced volume, while most indicators are in the neutral zone.

Therefore, the upward movement may be limited by the 20-day EMA.

If the bears protect the 20-day EMA, they may try to push the price to $39,200, or even to the support line of the ascending channel.

If the bulls manage to sustain above the 20-day EMA, they could challenge the $45,400 resistance level.

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2022-04-13 10:52:35 Open / Comment

2022-04-12 10:46:47 Open / Comment

2022-04-12 10:46:47 #Communitymetre — Kyber Network (KNC) — Asset of the Day.

The KNC price updated its all-time high, reaching the $4.45 level.

The reason could be the recent integration with Uniswap V3, the partnership with Avalanche Rush Phase 2, and the addition of multi-chain support.

The $4.45 level is the main resistance level for now. And it has already been tested several times. If the bulls sustain a price above $4.05, they may try to update the high once again.

However, KNC's trading volume has been wavy over the last month, with prices rising when demand is high and dropping when demand is falling.

The last attempt to break through $4.45 was accompanied by falling demand. It may indicate an imminent price correction.

If the price drops below $4.05, the nearest support levels are $3.9 and $3.5.

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2022-04-09 10:54:10 Open / Comment

2022-04-09 10:54:10 #Communitymetre — Polygon (MATIC) — Asset of the Day.

A series of unsuccessful attempts to push the price above $1.74 or the 0.618 Fibonacci level increased bearish sentiment in the market.

As a result, the asset started testing the $1.44 support level.

If the price rebounds from the support level and rises to $1.52, then a Double Bottom pattern may form on the 4-hour chart.

The asset is near the oversold zone. Therefore, if the pattern is confirmed, the bulls can move the price to $1.62 or even $1.74 with increased demand.

In case the price drops below $1.44 with increased selling, the next targets for the bears could be $1.38 and $1.33.

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2022-04-07 11:35:16 Open / Comment

2022-04-07 11:35:16 #Communitymetre — Ethereum (ETH) — Asset of the Day.

The bulls managed to consolidate above $3,000 and pushed the price up to the $3,500 resistance level. This suggests that the "Symmetrical Triangle" pattern partially worked out.

The failure to sustain the price above the 200-day SMA and $3,500 may have resulted in profit-taking by short-term traders. This pulled the price to the 20-day EMA.

If the price bounces off the 20-day EMA, it will suggest that bulls are buying on dips and could push the price back towards the 200-day SMA.

If the bulls sustain a price above $3,500, the next target could be $4,150. Reaching this level is the final target of the "Symmetrical Triangle" pattern development.

A drop below the 20-day EMA may increase selling and the price may go down to the 50-day SMA or $2,900.

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2022-04-06 13:40:40 Withdrawals issue is fixed. CEX·IO Broker is back up and running. Open / Comment